– Funding of loan to Title Company. 1-3 days – dependent on loan volume.

As you can see, a typical transaction takes a minimum of 15 – 18 business days (3 weeks) and upwards of 35 business days (six weeks) from start to finish depending on the characteristics of the file. Most Real Estate contracts in Las Vegas are a 30 calendar day closing. If any additional issues arise during the process (example: Appraisal value issue, added conditions from the Underwriter, Seller issues, Home Owners Association delays, etc.) everything will be lengthened accordingly.

We tell you this simply to stress the importance of asking for your cooperation in supplying paperwork as expeditiously as possible so that any delays that occur are not caused by you or out team. Almost every time there are delays on behalf of the Buyer/Lender it becomes difficult to explain and many times can result in “per diem” fees charged by the Seller.

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The Mark Baker Team is a part of Cardinal Financial Company L.P. | Mark A. Baker NMLS #274071 | State of Nevada License #3967 | **NOTE: This website is not affiliated with, sponsored by, or a part of the Department of Housing and Urban Development ("HUD") or the Federal Housing Administration ("FHA").**
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